WEVR Gets $10M From HTC For Virtual Reality Tools

Los Angeles-based WEVR, which is developing virtual reality capture tools, has raised $10M in funding from HTC, HTC said Thursday. HTC said the investment vies it 15 percent of WEVR. HTC said that it paid $5.7782 per share for 1,730,642 shares of WEVR's Series B preferred stock. WEVR is led by Neville Spiteri, who previously was CEO of online interactive digital studio Wemo Labs, which was behind the online interactive title TheBlu.